Hedge funds swoop on Falklands oil search

Reuters – Hedge funds have been quietly building up stakes in the fledgling oil explorers operating off the Falklands, betting that companies will ignore the threats made by Argentina to disrupt the activity.

Lansdowne Partners, one of Europe’s most powerful hedge funds, Crispin Odey’s Odey Asset Management and Blackfish Capital, owned by the Rowland family, have all acquired stakes, regulatory filings show, as investors grow more excited over drilling prospects and a clear plan for the first oil field development.